By Andrei Skvarsky.
National Bank of Oman (NBO), one of Oman’s largest banks, has mandated Bahrain-headquartered Bank ABC and Dubai’s biggest lender Emirates NBD to arrange a $300m syndicated loan for it.
The loan would have three years’ maturity, according to a statement from Emirates NBD.
The statement said the consortium that would provide the loan was due to be formed in August, and that “regional and international banks” were invited to become its members.
NBO would use the money for “general corporate purposes”, the statement said.
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